Mortgage Broker Coburg | Home Loans Coburg

Mortgage Brokers in Coburg with 35+ lenders available

The right home loan can save you a lot of money over the life of your loan. But what a lot of people don't understand is just how personalised a home loan can be! As your local Mortgage Broker Coburg team, we're experts at matching your finance needs with the right home loan from 35+ lenders.

Our Coburg team is with you at every step:

We find out what you need from your property finance and explain possible repayments, borrowing capacity, loan types and your options.
We compare loans from 35+ lenders to narrow down your options. Our Mortgage Broker Coburg team talk you through each option and when you're ready to get started, our Coburg team will apply for pre-approval on your behalf.
We do all the legwork to get you to the finish line feeling confident! That includes putting together your application, negotiating with the lender to get you the right deal and following it through to settlement.
Our home loan service is free, because the lender pays us a commission when the loan settles. It means that anyone in Australia can access expert advice on one of life's biggest investments - a property.

Our Home Loan Calculators

What our Coburg clients say

"Theo and team have looked after our financing needs for many of years now - with a couple of refinances and purchasing an investment, and most recently purchasing our beautiful home. They have been nothing short of amazing, always putting the customers’ needs at the forefront, and providing very attentive and thorough service that was exceptional. Highly recommend them if your in need of a broker." [Oliver, Coburg]

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Mortgage Broker Coburg team

The home loan process can be overwhelming. That's why our Mortgage Broker Coburg team promise to be with you every step of the way to advise and support you along the way.

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The local property market in Coburg

The average house price in Coburg now sits at $1,180,000 after coming down slightly over the last 12 months. Houses in Coburg only spend an average of 41 days on the market.
The average unit price in Coburg is $520,000 after coming down a considerable -13.3% in the past 12 months as the market continues to correct itself. They have an average 4.6% rental yield, with the average weekly rent at $450.
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Home loans in Coburg - FAQs

How much can I borrow?

Lenders use a range of different factors to determine how much they are willing to lend you, including your income, living expenses, debts and assets. They need to make sure that you can comfortably afford both your current lifestyle and your new home loan repayments.

Some lenders also need to build in the APRA 3% buffer rate to make sure that even if rates went up, you could still afford your repayments. Want to do a few quick sums on your borrowing capacity? Check out the calculator below! For exact numbers, get in touch with the Mortgage Choice Essendon team.

Use our Borrowing Capacity Calculator

What does a Mortgage Broker help with after settlement?

A good Mortgage Broker will help you even after your home loan settles. Our Mortgage Choice team in Coburg not only help you source and settle the right loan, but will provide ongoing service throughout the life of your loan. We touch base with our clients to review their loan and see if we can get them a better deal! It's important that we review your home loan regularly. We're also on hand to help with your next property: investment, next home or business finance.

How much deposit do I need to save?

Times have changed and while a bigger deposit will reduce the amount of interest you have to pay, it's no longer required that you have 20% of the property's value. In most cases, you will be required to pay Lenders Mortgage Insurance if you have less than 20% which protects the lender if you default on your home loan. However, paying LMI isn't always a bad thing and can help you get into your new home faster. Chat with our Coburg Mortgage Broker team about how much deposit you need.

Let's make it happen

Our Mortgage Broker Coburg team love helping our clients achieve their goals and have them come back for their next one. Let's chat through the numbers and work on finding a home loan that suits your next big purchase.

Visit our office at 94 Fletcher Street, Essendon. We can also chat by phone, video or in-person across Essendon, Moonee Ponds, Brunswick, Coburg and across Melbourne.

Call: 0438 381 312 Book an appointment